Bowman Consulting Group Ltd. (BWMN) Misses Q3 EPS by 9c, Beats on Revenue; Offers Guidance

Bowman Consulting Group Ltd. (NASDAQ: BWMN) reported Q3 EPS of $0.30, $0.09 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $113.9 million versus the consensus estimate of $100.13 million.

The Company is raising its full year 2024 guidance for net service billing to be in the range of $376 to $386 million and reaffirming its guidance for Adjusted EBITDA to be in the range of $58 to $63 million. The Company is introducing its full year 2025 outlook for net service billing to be in the range of $422 to $437 million and for Adjusted EBITDA to be in the range of $68 to $75 million. The current outlook for 2024 and 2025 is based on completed and definitively contracted acquisitions as of the date of this release and does not include contributions from any future acquisitions. Management discusses the Company’s acquisition pipeline and its prospective impact during regularly scheduled earnings calls.

For earnings history and earnings-related data on Bowman Consulting Group Ltd. (BWMN) click here.

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